If a Bank Cashes a Check That Is Later Returned

question 59

Multiple Choice

If a bank cashes a check that is later returned for insufficient funds, whom does it charge to recover the amount lost?

• A) The check's maker
• B) The person who received the money
• C) The person to whom the check was written
• D) The person who last endorsed the check

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Definitions:

Lorenz Curve

A graphical representation used to show the distribution of income or wealth within a society, indicating the degree of inequality.

Venezuela

A country located on the northern coast of South America, known for its significant oil reserves and economic challenges.

United States

A country located primarily in North America, comprising 50 states and a federal district, known for its significant influence on global culture, economy, and politics.

Household Income

The total income received by all members of a household, including earnings from work, investments, and other sources before taxes and other deductions.